wiredinUSA August 2014

Custom cable acquisition

Expansion for Polish manufacturer

Czaplinka-based cables manufacturer Kabel Technik Polska (KTP), part of the Inter Auto Groclin group, is set to expand, creating at least 150 new jobs. KTP, which operates plants at Drawsko Pomorskie and Białogard producing cables and cable harnesses for a range of industries, is planning capital investment of over €650,000 in the district north west of Poznań, Poland. The project will be completed by August 2015, and the company has undertaken to maintain the new level of employment at the site up to 2020. KTP’s latest investment is part of a major expansion program, developing business with customers in the automotive manufacturing, wind energy, and aviation industries. industrial

Swiss company, LEMO has acquired Northwire Inc (NWI) the US manufacturer of wire and multi-conductor cable and retractiles for the medical, aerospace and defense, energy, and industrial markets. “The acquisition of Northwire will enlarge the LEMO offering, providing a complete cable-connector solution to our valued customers. I am convinced that by creating synergy between our two companies, we cangrowandprosper side-by-side. Together we will be able to provide our customers high quality complete cable-connector solutions. I am very pleased about this new venture with NWI and look forward to developing new business together,” said Alexandre Pesci, CEO and president, LEMO group. “LEMOhasachievedaworldwidereputation for high quality, leading-edge connectors and we are truly proud to become an integral part of their team. Equally focused on satisfying our customers, LEMO and NWI look forward to acquiring new customers and serving our loyal customers’ needs for engineeredsolutionsandserviceexcellence well into the future,” said Katina Kravik, CEO of Northwire Inc.

wiredInUSA - August 2014

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